negotiable instrument


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negotiable instrument

n
(Banking & Finance) a legal document, such as a cheque or bill of exchange, that is freely negotiable
ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.negotiable instrument - an unconditional order or promise to pay an amount of moneynegotiable instrument - an unconditional order or promise to pay an amount of money
legal document, legal instrument, official document, instrument - (law) a document that states some contractual relationship or grants some right
law, jurisprudence - the collection of rules imposed by authority; "civilization presupposes respect for the law"; "the great problem for jurisprudence to allow freedom while enforcing order"
bill of exchange, draft, order of payment - a document ordering the payment of money; drawn by one person or bank on another
References in periodicals archive ?
The official note says: "The gazetted holiday of Friday (23rd August 2019) shall be observed with the meaning of Section 25 of Negotiable Instrument Act, 1881." (ANI)
Admittedly document of cheque is a negotiable instrument as per law which carries presumption of correctness in favour of its bearer.'
On the issue of huge pendency in refund regime, he proposed to issue negotiable instrument for three years against pending refunds.
If the purchaser of a negotiable instrument is a holder in due course, the purchaser may not be subject to many of the defenses available to creditors under Article 9 of the UCC.
[section]673.1041(1) defines "negotiable instrument" as follows:
UCC Article 3 provides a method for transferring negotiable instruments. (56) Transfer of a negotiable instrument under Article 3 occurs through delivery of the instrument to the transferee "for the purpose of giving to the person receiving delivery the right to enforce the instrument." (57) Thus, for negotiable instruments, transfer is about enforcement rights.
First, they said the guarantee didn't apply to airline tickets -- I didn't buy tickets, I bought air miles -- then they said the price protection excludes air miles because they are a "negotiable instrument.'' I do not see that air miles fall under the definition of a negotiable instrument.
The registration of the eNote is necessary because the promissory note, in paper or electronic form, is a negotiable instrument that guarantees payment to the owner or the holder.
First came an Islamic deposit product, the AmEnergy Islamic Negotiable Instrument of Deposit (NID-i) in April, which was created to offer its customers more options in their investment portfolios.
Banks Association (PBA) so that it could be used in the current season as a negotiable instrument. The State Bank of Pakistan also reported that around that around 80,000 tons of white and 70,000 tons of Raw sugar was under import by the private sector.
A negotiable instrument is typically a written document that either provides evidence of financial credit or acts as a substitute for money.
(25) A new provision within section 3-307 of the revised UCC consolidated these various sections and clarified that a taker's notice of a fiduciary's breach of duty, concerning the fiduciary's transfer of a negotiable instrument to the taker, vitiates the defendant-taker's status as a holder in due course.